The Children’s Place Inc, the largest pureplay children’s
specialty apparel retailer in North America, has
announced that its net sales increased 0.6 per cent to
$373.6 million in the second quarter of 2017. Its
comparable retail sales increased 3.1 per cent in Q2 2017, and
gross profit was $128.4 million, compared to $123.9 million
in Q2 of 2016.
This $0.87 increase in adjusted net income per diluted share
includes a $0.68 benefit resulting from the new accounting
rules for the income tax impact on share-based compensation.